The Weekly Overview of the Litecoin LTCUSD Megabull
Updated
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Here is an overview of the Weekly Litecoin LTCUSD fractal on the log scale in preparation for the Megabull which triggers officially once the ATH around $350-370 is broken shortly in Q1 2021.
The log scaling is usually the best to use to clearly put an emphasis on the bull and bear cycles. Further more, log cycles coupled with the correct patterns and indicators can also help us outline accurately enough the cycle tops and bottoms to buy or sell at as I have labelled them for the current Megabull cycle.
Currently you can notice that Litecoin has completed a long-term bull reversal of the entire bear trend thanks to the following bull reversal patterns:
- Rounding bottom
- Double bottom at $26-22
I have overlapped the previous Megabull's fractal so we can gauge and compare the current bull market against it time and price action. Their will be with certainty be differences between then and now but we are looking in the end to also spot the top of the Megabull near November-December 2021 to sell at near the top of the long-term bull parallel channel.
:arrow_forward: For this Megabull cycle, Litecoin has three sell targets:
$2,300-2,400
$3,700-4,000
$4,900-5,200
Best of luck and happy trading!
Carl M.
Please hit the like bottom at the bottom right corner and hit the follow button for more charts and updates.
Here is an overview of the Weekly Litecoin LTCUSD fractal on the log scale in preparation for the Megabull which triggers officially once the ATH around $350-370 is broken shortly in Q1 2021.
The log scaling is usually the best to use to clearly put an emphasis on the bull and bear cycles. Further more, log cycles coupled with the correct patterns and indicators can also help us outline accurately enough the cycle tops and bottoms to buy or sell at as I have labelled them for the current Megabull cycle.
Currently you can notice that Litecoin has completed a long-term bull reversal of the entire bear trend thanks to the following bull reversal patterns:
- Rounding bottom
- Double bottom at $26-22
I have overlapped the previous Megabull's fractal so we can gauge and compare the current bull market against it time and price action. Their will be with certainty be differences between then and now but we are looking in the end to also spot the top of the Megabull near November-December 2021 to sell at near the top of the long-term bull parallel channel.
:arrow_forward: For this Megabull cycle, Litecoin has three sell targets:
$2,300-2,400
$3,700-4,000
$4,900-5,200
Best of luck and happy trading!
Carl M.
Trade active
Note
Litecoin blew up to $164 short-term and I believe it will hit $175-180 textbook target of the falling wedge and IH&S before any short-term pull back. Mid-term Litecoin is on track towards $300-370 which is the ATH range.Note
Nobody is talking about these consecutive bullish 3D candles on Litecoin 
LTCUSD pair. We're preparing for take off shortly, target $350 by end of next week. Fasten your seat-belts gentlemen!Note
Litecoin is now ready to rally towards the next short-term target near $350-400 which is the log parallel channel's top resistance and previous ATH. Note
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